LISTING DETAILS

Dravus Apartments

3238 15th Ave W Seattle WA 98119

Listing #: 682790 | Status: Pending | Status Change Date: 06/11/2024 | Last Modified: 12/20/2024

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income121,123
Vacancy Factor %5.00%
Operating Expenses51,220
Net Operating Income63,846
CAP Rate4.24 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Total Units6
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate4.237
Building Information
Building StatusExisting
# of Buildings1
# of Floors3
# of Units6
Total Building SF4,410 SF
Net Rentable Area4,410 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF5,663 SF
Acres0.13
Year Built1967
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
Market AreaQueen Anne/Magnolia
Tax ID #2770603570
ZoningNC3-55(M)
Parking Information
#Covered Spaces0
# Uncovered Spaces10
Total Parking Spots10

Prime Location Apartment Building for Sale

Public Comments

We are pleased to present the exclusive listing of the Dravus Apartments, a six-unit apartment building in West Queen Anne. Centrally positioned between Ballard, Fremont, South Lake Union and Downtown Seattle, Dravus offers its residents convenient proximity to local amenities and major employers such as Meta, Google, Expedia, and others. The property features an attractive unit mix consisting of two 1-bedroom, four 2-bedroom units, and featuring a spacious average of 735sf. The building also boasts personal deck space, and an abundance of parking with 11 total spots both above and below the building. By updating the units and modernizing the systems and amenities, investors are poised to realize a near 39% potential rental upside. Dravus Apartments makes an excellent investment for inv

Public Building Comments

Apt. D+S #21039

Dravus Apartments
3238 15th Ave W Seattle WA 98119

Listing #: 682790 | Status: Pending | Listing Date: 6/3/2024 | Last Modified: 12/20/2024 | Status Change Date: 06/11/2024 | Email Listing

For Sale

Dravus Apartments

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